The stablecoin market cap, excluding algorithmic stablecoins, has reached $168 billion, its highest point in history.
Stablecoin market capitalization has reached a new all-time high at $168 billion amid 11 months of consecutive growth.
DefiLlama data shows the total stablecoin market cap is now at the highest point ever, beating its last peak in March 2022.
A Crypto analyst says the uptick in market cap could be a result of new money entering the market. Source: DefiLlama
